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Reputation: 642,681  •  Aug 4, 2023 12:06 PM
No merger, Sanghi to stay listed for now: Karan Adani
No merger, Sanghi to stay listed for now: Karan Adani
"Sanghi Industries will be a debt-free company after the takeover. Ambuja and ACC combined had a cash balance of roughly Rs 11,800 crore as of Q1. This year, we would be adding another Rs 3,000 crore of free cash after capex, tax and dividends. With the Sanghi Industries acquisition, we would be looking to end this financial year with close to Rs 11,000 crore of cash," said Karan Adani.
The Economic Times

https://economictimes.indiatimes.com/industry/indl-goods/...
#ACC #AMBUJACEM #SANGHIIND

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NSE:ACC price when posted: 2,028.15